You Pay $3

question 1

Multiple Choice

You pay $3.25 for a call option on Luther Industries that expires in three months with a strike price of $40.00.Three months later,at expiration,Luther Industries is trading at $41.00 per share.Your profit per share on this transaction is closest to:

• A)-$1.00.
• B)$1.00.
• C)-$2.25.
• D)$2.25.

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